Taxes

Uber says Chicago would have the most expensive rides in the country.

Though it would only apply to the wealthiest 0.2 percent of taxpayers like me (or about 330,000 taxpayers) the 'millionaires surtax' would raise an estimated $635 billion over 10 years, according to the Tax Policy Center. 

On average, the richest 400 Americans would see their net worth drop by $3.1 billion.

A number of wealthy individuals have questioned Warren's proposals throughout recent weeks.

The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 years ago.

New Jersey, Connecticut and Pennsylvania also lost a lot of residents to the Sunshine State.

The Massachusetts senator took a jab at Gates after he discussed her proposal during a conference on Wednesday.

Democrats Rep. Don Beyer, of Virginia, and Sen. Chris Van Hollen, of Maryland, announced the “millionaires surtax,” which would impose an additional 10-percentage point tax on wages, salaries, capital gains and other investment income totaling a million dollars for individuals..

If the media, liberal think tanks and Democrats in Congress were truly concerned about the economic well-being of 'hard-working families,' as Elizabeth Warren likes to say, they would have cheered to the rafters this amazing news of rising incomes for nearly all groups.